LONG-TERM OBLIGATIONS

6 Months Ended

Jun. 30, 2012

LONG-TERM OBLIGATIONS

6. LONG-TERM OBLIGATIONS

Long-term debt consisted of the following for the periods indicated (amounts in millions):

	June 30, 2012			December 31, 2011
Senior Notes:
$35.0 million Series A Notes: semi-annual interest only payments; interest rate at 6.07% per annum; due March 25, 2013	$	35.0		$	35.0
$30.0 million Series B Notes: semi-annual interest only payments; interest rate at 6.28% per annum; due March 25, 2014		30.0			30.0
$35.0 million Series C Notes: semi-annual interest only payments; interest rate at 6.49% per annum; due March 25, 2015		35.0			35.0
$150.0 million Term Loan; $7.5 million principal payments plus accrued interest payable quarterly; interest rate at ABR Rate plus applicable percentage or Eurodollar Rate plus the applicable percentage (1.25% at June 30, 2012); due March 26, 2013		22.5			37.5
Promissory notes		5.9			7.9
		128.4			145.4
Current portion of long-term obligations		(60.7	)		(33.9	)
Total	$	67.7		$	111.5

Our weighted average interest rate for our five year Term Loan was 1.3% and 1.2% for the three and six-month periods ended June 30, 2012, respectively as compared to 1.0% for the three and six-month periods ended June 30, 2011, respectively.

As of June 30, 2012, our total leverage ratio was 1.2 and our fixed charge coverage ratio was 1.4.

As of June 30, 2012, our availability under our $250.0 Revolving Credit Facility, which will expire on March 26, 2013, was $229.5 million as we had $20.5 million outstanding in letters of credit.